A joint stock company and a multi-member limited liability company (LLC) are both popular forms of business entities, but they differ in structure, ownership, and liability. Understanding their similarities and differences can help entrepreneurs make informed decisions when choosing the right legal framework for their business. Similarities – All are enterprises operating under the Enterprise […]
When deciding between a single-member LLC and a sole proprietorship, business owners must weigh factors such as liability protection, taxation, and management. Although these two structures share similarities, they also have important differences that can impact the business’s operation and financial responsibilities. Similarities Differences Single-member LLC Sole proprietorship Ownership Individuals or organizations (Clause 1, Article […]
A Limited Liability Company (LLC) is a business structure that provides its owners with limited liability protection while offering flexibility in management and operations. It is a popular choice for entrepreneurs due to its balance of legal protection and organizational freedom. What is a limited liability company? Limited liability company (LLC) is not specifically defined […]
In the context of business operations, a “business location” refers to the physical site where an enterprise conducts its activities. Understanding its definition, key characteristics, and the necessary legal procedures for establishing and notifying business locations is crucial for entrepreneurs and organizations looking to comply with regulations and optimize their operations. This article explores these […]
One of the key considerations for businesses expanding internationally is the legal capacity of their branches and representative offices. This article explores whether such entities have the authority to sign contracts and how this affects business operations across borders. What are branches and representative offices? According to Article 44 of the 2020 Enterprise Law, the […]
Establishing a representative office or branch in Vietnam offers significant opportunities, but there are cases where licenses may be denied. This article outlines the common reasons for refusals, helping foreign traders understand potential challenges and ensure compliance with local regulations. Legal basis Conditions for grant of branch or representative office establishment licenses Foreign traders can […]